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Jainam Ferro Alloys (I) Limited IPO
NSE SME₹140,000 / 2000 Shares
Jainam Ferro Alloys (I) Limited IPO Details
The Jainam Ferro Alloys (I) Limited IPO price band is set between ₹70 per equity share, with a face value of ₹10 per share. The issue is managed by Bigshare Services Pvt Ltd, and the equity shares are proposed to be listed on the NSE SME.
The IPO date for subscription opens on 28 Sep, 2021 and closes on 30 Sep, 2021. Investors can check the allotment status on 5 Oct, 2021, while the listing date is tentatively scheduled for 8 Oct, 2021.
The total issue size is 2,802,000 Eq Shares of ₹10, aggregating up to ₹19.61 Cr. Stay tuned for the latest Jainam Ferro Alloys (I) Limited IPO review and GMP updates.
Jainam Ferro Alloys (I) Limited IPO Review, Rating & Analysis
Jainam Ferro Alloys (I) Limited IPO Review
NO REVIEWJainam Ferro Alloys (I) Limited IPO Rating
Jainam Ferro Alloys (I) Limited IPO Highlights
IPO Date
Sep 28, 2021 - Sep 30, 2021
Listing Date
8 Oct, 2021
Face Value
₹10 Per Equity Share
Price Band
₹70 per equity share
Lot Size
-
Fresh Issue
Shares
Offer for Sale
-
Listing At
NSE SME
Jainam Ferro Alloys (I) Limited IPO Lot Size
The minimum market lot for Jainam Ferro Alloys (I) Limited IPO is 2000 shares with an application amount of ₹1,40,000. Retail investors can apply for up to 1 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹1,40,000 |
| Retail (Max) | 1 | 2000 | ₹1,40,000 |
| S-HNI (Min) | 2 | 4000 | ₹2,80,000 |
| S-HNI (Max) | 7 | 14000 | ₹9,80,000 |
| B-HNI (Min) | 8 | 16000 | ₹11,20,000 |
Jainam Ferro Alloys (I) Limited IPO Timeline
Issue Price
₹70 per equity shareFace Value
₹10 Per Equity ShareListing at Group
NSE SMERegistrar
Bigshare Services Pvt LtdLead Manager
Hem Securities LimitedIssue Size
2,802,000 Eq Shares of ₹10(aggregating up to ₹19.61 Cr)Jainam Ferro Alloys (I) Limited IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31 Mar 21 | 52.41 | 102.51 | 3.11 | - | - | - |
| 31 Mar 20 | 39.19 | 122.33 | 0.86 | - | - | - |
| 31 Mar 19 | 40.22 | 132.39 | 2.88 | - | - | - |
All values are in ₹ Cr.
Promoters & Share Holding
Promoter(s) Name
- Mr. Archit Parakh
- Mr. Aditya Parakh
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 100% | 73.47% |
About Company
Jainam Ferro Alloys (I) Limited has been engaged in the manufacturing of two types of Ferro Alloys - Ferro Manganese (FeMn) and Silico manganese (SiMn), largely used in the Steel industry. The company also generates revenue from its trading activities of manganese ore, used as a raw material in the manufacturing of Ferro alloys.
The company derives the majority of its revenue from Ferro Manganese. The company has its registered office and manufacturing facility at Raipur, Chattisgarh.
Jainam Ferro Alloys (I) Limited IPO Subscription Details
| As on | QIB/NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 13,26,000 | 13,26,000 | 26,52,000 |
Day 1 -28-09-21 06:00 PM | 1.01 x | 1.27 x | 1.14 x |
Day 2 -29-09-21 06:00 PM | 1.90 x | 3.27 x | 2.58 x |
Day 3 -30-09-21 06:00 PM | 6.23 x | 7.07 x | 6.65 x |
Frequently Asked Questions about Jainam Ferro Alloys (I) Limited IPO IPO
When will Jainam Ferro Alloys (I) Limited IPO open for subscription?
The Jainam Ferro Alloys (I) Limited IPO opens on 28 Sep, 2021 and closes on 30 Sep, 2021.
What is the investors portion for Jainam Ferro Alloys (I) Limited IPO?
The investors' portion for QIB is , NII is N/A, and Retail is 1326000.
How to apply for Jainam Ferro Alloys (I) Limited IPO?
You can apply for Jainam Ferro Alloys (I) Limited IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.
What is the issue size of Jainam Ferro Alloys (I) Limited IPO?
The issue size of Jainam Ferro Alloys (I) Limited IPO is approx ₹2,802,000 Eq Shares of ₹10(aggregating up to ₹19.61 Cr) crores.
What is the price band of Jainam Ferro Alloys (I) Limited IPO?
The price band for Jainam Ferro Alloys (I) Limited IPO is ₹70 per equity share to ₹undefined.
What is the lot size of Jainam Ferro Alloys (I) Limited IPO?
The minimum bid (lot size) for Jainam Ferro Alloys (I) Limited IPO is N/A shares with an investment of approx ₹140,000 .
What is the allotment date of Jainam Ferro Alloys (I) Limited IPO?
The allotment date for Jainam Ferro Alloys (I) Limited IPO is 5 Oct, 2021.
What is the listing date of Jainam Ferro Alloys (I) Limited IPO?
The listing date for Jainam Ferro Alloys (I) Limited IPO is expected to be 8 Oct, 2021.
What is the GMP of Jainam Ferro Alloys (I) Limited IPO?
The latest Grey Market Premium (GMP) for Jainam Ferro Alloys (I) Limited IPO is being updated regularly on IPOROCK.
Parth D.
Founder & Lead Analyst
Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.